Cement sales in Saudi Arabia increased by 4.93% in Q3 2024, reaching 12.84 million tonnes, with 96.18% of sales being domestic and 3.82% exported. Al-Yamama Cement held the largest share of domestic sales at 12.47%, while Qassim Cement Company led the market with the highest share among its peers. Saudi Cement dominated cement exports with 80.45% of total shipments. The total utilization rate of the cement sector in Saudi Arabia stood at 72.8% in September. Saudi Arabia aims to decarbonize its cement sector through a joint venture with Next Generation SCM and Nizak Mining Co., producing low-carbon supplementary cementitious materials.
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Original article source: https://www.arabnews.com/node/2580333/business-economy
Source Id: 2024-11-553660592